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According to the relevant person in charge of the China National Machinery Industry Federation, a major change in the Chinese machinery industry is the decline in investment and exports of the machinery industry. Investment and export are two of the biggest drivers of China's machinery industry development in the past 30 years and especially in the past decade. The annual growth rate of investment in the first ten years is about 40% and 50%, and some annual growth rates are even close to 60%. In the past decade, the average growth rate of exports of electromechanical products was around 15%. However, the increase in investment in fixed assets of China's machinery industry declined sharply in 2013, and the cumulative increase in cumulative investment in the previous September has dropped to 16.6%, which is significantly lower than the entire society and all manufacturing industries in the same period.
In addition, the second major change in China's machinery industry is the change in market demand. At present, whether in the iron and steel, nonferrous metals, shipbuilding or light industry industries, higher requirements have been put on the quality, reliability and stability of equipment in the process of transformation and upgrading. In other words, the level of equipment requirements has been raised.
The last obvious trend of China's machinery industry is that the demand for complete sets of equipment or solutions is increasing. In the past, China's machinery industry was mainly based on selling products. Now that it has shifted to products and services, services include complete sets of equipment, automated production lines, and solutions. This is a very big change.
The author learned from the China National Machinery Industry Federation that since the “Twelfth Five-Year Planâ€, the Chinese machinery industry has entered a medium-speed development channel of 12% to 15%. In this process, some elements of the Chinese machinery industry have also undergone major changes.